Khulna Power Company Ltd.
DDSE:KPCL9.90
BDT
0.00
(0.00%)
Khulna Power Company Ltd.
DSE:KPCL
(Dhaka Stock Exchange)
Recent
price
9.90
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Khulna Power Company Limited is a Bangladesh-based independent power producer engaged in the generation and wholesale supply of electricity to the national power grid. Founded in 1997 and headquartered in Dhaka, Bangladesh, the company operates within the conventional electric utilities and thermal power generation sector, primarily serving the Bangladesh Power Development Board under long-term Power Purchase Agreements. The company was established as a joint initiative backed by major industrial conglomerates, including United Group and Summit Power International Limited. The company's core products and operational services encompass wholesale electric power generation; heavy fuel oil-fired reciprocating engine power plant operations; barge-mounted thermal power station facilities utilizing Wärtsilä generation technology; land-based quick-rental and independent power plants, including the 115 MW KPC Unit II facility in Goalpara, Khulna, and the 40 MW Khanjahan Ali plant in Noapara, Jashore; plant operation and maintenance services; bulk fuel procurement, handling, and storage systems for heavy fuel oil and high-speed diesel; grid synchronization and high-voltage transmission substation interface management; and strategic equity investment holdings in large-scale energy infrastructure assets, most notably a 35% equity interest in associate company United Payra Power Plant Ltd. In recent developments, the company has undergone significant operational and strategic transitions driven by the expiration of its power purchase agreements. Following the non-renewal of electricity supply contracts for its 115 MW Unit II and 40 MW Noapara facilities, both plants were disconnected from the national grid by the Bangladesh Power Development Board after operating under temporary No Electricity, No Payment extension terms. In response, Khulna Power Company Limited initiated asset divestment strategies, entering into an agreement with Turkish energy company Aksa Enerji Üretim A.Ş. to sell the plant and machinery of its 115 MW facility, alongside active efforts to divest its decommissioned 110 MW barge-mounted Unit I plant. Amid these plant retirements, the company has strategically shifted operational reliance toward dividend flows and profit contributions from its equity stake in United Payra Power Plant Ltd., while actively pursuing settlement of outstanding capacity and energy receivables from the state power authority.